MongoDB $MDB CEO CJ Desai is stepping down effective immediately to join $META. He’ll oversee Meta’s new enterprise AI business. The unit will sell Muse, coding tools, model access and business agents to companies.

MongoDB $MDB CEO CJ Desai has stepped down effective immediately to take a senior role at Meta $META. Founder and former CEO Dev Ittycheria is returning as interim CEO. MongoDB reaffirmed its Q3 and FY27 guidance.

MONGODB $MDB Q2’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $771.8M (Est. $734M) 🟢; +30% YoY 🔹 Adj. EPS: $1.90 (Est. $1.61) 🟢; +90% YoY 🔹 RPO: $1.52B; +91% YoY 🔹 Non-GAAP Operating Margin: 24%; +900 bps YoY Raises FY27 Guide: 🔹 Revenue: $2.99B-$3.03B (Est. $2.95B) 🟢 🔹 Adj. EPS: $6.39-$6.58 (Est. $6.13) 🟢 🔹 Non-GAAP Oper Income: $616.3M-$636.3M (Est. $582M) 🟢 Q3 Guide: 🔹 Revenue: $756M-$761M (Est. $745M) 🟢 🔹 Adj. EPS: $1.57-$1.61 (Est. $1.54) 🟢 🔹 Non-GAAP Oper Income: $152M-$156M (Est. $149M) 🟢 Segment Net Revenue: 🔹 Atlas: $565.9M; +29% YoY (Est. $552.4M) 🟢 🔹 Enterprise Advanced & Other: $181.2M; +36% YoY 🔹 Services: $24.6M; +29% YoY (Est. $21.9M) 🟢 Other Q2 Metrics: 🔹 Subscription Revenue: $747.1M; +31% YoY (Est. $710.7M) 🟢 🔹 cRPO: $797.3M; +73% YoY 🔹 Free Cash Flow: $137.6M; nearly doubled YoY Business Highlights: 🔹 Launched: Atlas Managed MCP Server 🔹 General Availability: MongoDB Search and Vector Search in Enterprise Advanced Comments: 🔸 “This gives us the confidence to raise our full year fiscal 2027 guidance.” 🔸 “free cash flow nearly doubled year-over-year to $137.6 million.”